Software industry

Intel and Jafco Asia Invest in Pollex Mobile Holdings

Strategic Insights

Mar 3, 2005 — 1 min read

Intel Capital and Jafco Asia, in a joint venture with other firms, have invested in Pollex Mobile Holdings, a Beijing-based software developer for mobile handsets. The investment will enable Pollex to expand its product development and marketing efforts, particularly in mobile handset software. Pollex plans to leverage its software solutions for smart phones running the Linux operating system, and is already working with Japanese handset manufacturer NEC to power its N940 TV and camera phone.

Key Takeaways:

Intel will work with Pollex as a strategic investor to optimize software solutions for its chipsets.
Jafco Asia made a financial investment in Pollex, with Jafco Asia vice-president Jenny Lee joining the board of Pollex Mobile.
Pollex Mobile has strong growth prospects serving both Chinese manufacturers and handset vendors from overseas.
The company focuses on software solutions for smart phones running the Linux operating system.
Pollex is working with NEC to power its N940 TV and camera phone.
Jafco Asia will seek to introduce Pollex to handset vendors in Japan through its connections.
Pollex plans to use the investment capital for expanding product development and marketing.
The company aims to tap into the growing demand for mobile software solutions.

Statistics:

China produced 240 million handset units last year, with 146 million destined for export.
Worldwide mobile phone sales surpassed 674 million units last year, a 30 per cent increase from 2003.
Pollex Mobile Holdings is a Beijing-based software developer for mobile handsets.
Intel will work with Pollex as a strategic investor.
Jafco Asia made a financial investment in Pollex.

Sources:

"Intel and Jafco Asia Team Up to Invest in China's Pollex" - Financial Times (Source not explicitly provided)
"Worldwide Mobile Phone Sales Reach all-time High" - Gartner Research (Source provided: Gartner: 2004)
"China's Mobile Phone Sales Surge" - Government figures (Source provided: Government of China)

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